Visteon Corp. says that revenue for 2008 and the fourth quarter plunged more than expected, and that it is expanding its cuts to employee benefits.
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General Motors CEO Rick Wagoner says the company won't know how much more in government loans it will need until March 31.
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Auto parts supplier Visteon Corp. forecast a steep drop in fourth-quarter sales on Tuesday and said it is freezing salaries and implementing other cost-cutting actions in response to lower production.
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Formula one drivers can use eight engines during the 2009 season, Ferrari team boss Stefano Domenicali told the Italian press earlier this week.
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According to a report in the Spanish press, some teams may be planning a partial deployment of KERS systems in 2009.
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Finally, one good news is released in these times of gloomy economy. McDonald restaurants will sponsor the No. 77 Doran Racing Ford Dallara Daytona Prototype throughout the 2009 season of theGrand-Am Rolex Sports Car Series.
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Ford has just won a pair of CAA Pyramid Awards for a pair of unique features- marking the first time a single automaker has won both. The brand's new Blind Spot Mirror and 100 percent recycled seats each took home awards for Safety Innovation and Environmental Initiative, respectively.
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Fisker is currently setting up a dealer network and should begin selling their Karma plug-in hybrid in the fall of 2009. The 2010 Karma, which will start at $87,900, has already racked up 1,000 orders since last year.
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The 2000 NASCAR Sprint Cup Series champion Bobby Labonte has been hired by Hall of Fame Racing to drive the No.96 Ford.
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Following the "difficult" track debut of the F60 on Monday, the Scuderia Ferrari decamped to the engineering transporters on Tuesday to analyse the birth of its new 2009 single seater.
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Ferrari's world champion of 2007, Finland's Kimi Raikkonen is an "unbelievable" character, team boss Stefano Domenicali said on Wednesday.
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Last year Daytona 500 winner Ryan Newman is optimistic about the future of the new team Stewart-Haas and he believes that, along with teammate owner/driver Tony Stewart, they can both be part of the Chase Sprint Cup.
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Sarah Fisher will compete in four oval race events with Dollar General as the primary sponsor of the No. 67 Honda-powered Dallara.
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The 2000 NASCAR Sprint Cup Series champion Bobby Labonte has been hired by Hall of Fame Racing to drive the No.96 Ford.
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You no longer need to drive a high-tech hybrid to take advantage of an efficiency-coaching display system at the wheel. Kia Canada has just announced that they'll be incorporating an "Eco Minder" indicator light as standard on their Magentis sedan to help owners cut down on visits to the gas station.
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Talk about ambitious. Hyundai is picking a fight with the likes of Lexus, Mercedes and BMW with their new Genesis sedan. It's a cut-price flagship designed to offer customers the best of the premium sedan world for a lot less money.
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General Motors CEO Rick Wagoner says the company won't know how much more in government loans it will need until March 31.
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The head of Denso International America Inc. said a weaker yen and shrinking U.S. vehicle production are making it tough to forecast a profit for the fiscal year that ends March 31.
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A veteran Republican lawmaker says it would be better for the federal government to give $5,000 to every new-vehicle buyer than to pour more taxpayer money into struggling companies.
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It was a bit tamer this year at the Detroit auto show, but there was still plenty of alluring sheetmetal for enthusiasts to get fired up about. And in the minds of AutoWeek editors, an Audi, two Fords and a Cadillac rose to the top.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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